North American production will continue its slide in 2007, despite falling to a longtime low in 2006. Ward’s AutoForecasts projects total output in 2007 at 15.65 million units, 1.1% down from 2006’s estimated 15.83 million, itself a 3.0% decline from 2005. Slow demand in the year’s first half due to expectations of sluggish economic growth will be the primary reason for the production drop. Also negatively impacting production, several auto makers will continue trimming stocks of slow ...
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